Salesforce.com (News - Alert) has announced results for its fiscal fourth quarter and full fiscal year ended January 31, 2011, disclosing total Q4 revenue of $457 million, an increase of 29 percent on a year-over-year basis.

Subscription and support revenues were $429 million, an increase of 31 percent on a year-over-year basis. Professional services and other revenues were $28 million, an increase of 6 percent on a year-over-year basis.

“Our current outlook puts Salesforce.com on track to be the first enterprise cloud computing company to report more than $2 billion in revenue,” said Marc Benioff (News - Alert), chairman and CEO salesforce.com. “While it took us a decade to achieve our first billion dollars, we anticipate reaching $2 billion just three years later.”

For the full fiscal year 2011, the company reported revenue of $1.657 billion, an increase of 27 percent from the prior year. Subscription and support revenues were $1.551 billion, an increase of 28 percent on a year-over-year basis. Professional services and other revenues were $106 million, an increase of 10 percent on a year-over-year basis.

Last week TMC’s (News - Alert) Juliana Kenny wrote that Salesforce.com and Wiel Brien, a real estate company, revealed the success of Wiel Brien’s Home Affordable Again program through the usage of Salesforce’s Cloud 2 technologies.

Using the Sales Cloud, Service Cloud, Salesforce Chatter, and multiple custom applications built on the Force.com platform, Wiel Brien has been able to increase the ability of the real estate company to run its business in the cloud and enabling it to manage every step of its property lifecycle.

As an organization founded in 2008 to invest in homes that were gravely affected by the housing crisis in the U.S., Wiel Brien buys foreclosed single family homes to renovate and lease through the Home Affordable Again program. The program is essentially a lease purchase option that enables home-financing for those who would typically not receive loans in today’s difficult housing market.